A idea from my home boy - page 5. | Bitcointalksearch.org

komisariatku

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Quote from: KiaKia on July 18, 2023, 05:02:08 AM

Give your answers please, stupid? Cool? Not great? No need?

Yes it can be a key security solution. But are you sure you won't forget those 2 separate words? Maybe you can also save 12 of the 24 words in a different place. I think whatever you do will be good for you as long as no one finds out about your plans.

So it's better if you do what you plan to do without sharing it here, so what you keep secret will be completely safe. But for stronger security, maybe you can consider using a multisign wallet. You can store keys in separate places and can share keys (10 of 12 words/ 20 of 24 words). Especially if you plan to hold bitcoins for a long time, multisign is the best. It can be a family asset and you can give keys to each family member to make it more secure

bitzizzix

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Sounds reasonable, but if he only separates 2 or 4 words from other words at the end or at the beginning, I think it makes sense. But you don't need to keep it in a safe place, because if it's only 2 or 4 words, I think it's easy to memorize.
But that's not good advice because we don't know in the long run, because if you miss or forget even one word phrase, then the coin is gone.
and writing it down on water and heat resistant paper and storing it safely and against whatever it is is a very good option, like a small safe or a glass bottle that only you know about and has hidden somewhere.

dzungmobile

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Quote from: KiaKia on July 18, 2023, 05:02:08 AM

If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.

Stupid idea.

Because if he lost two words of his seed, it the rest 10 or 22 words will be useless. He will have to use service to brute force it and if brute force does not work, he loses his bitcoin. Spliting it does not make it more secured but worse. What will happen if one of two words are from checksum?

Why is Seed Splitting a Bad Idea?
How to back up a seed phrase?

EL MOHA

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Not a great idea I would say. First which words will he take out. Should he decide to take the last two or the first two out, then when the other words are found then the probability of getting the remaining two will be easier. Should he decide to take words from within those seeds then there is a probability also that he would miss up those words when trying to put them together. And should he leave a clue then an hacker could also use that clue.

The idea of also storing seeds off head has been advised against before because of probably future health challenges like brain damage

Charles-Tim

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Instead of try to do what can make you to lose your seed phrase, why do you not use passphrase with the seed phrase? You can read about passphrase and it gives your coin additional security.

But know that if you forget the passphrase, you will lose your coins.

Backup the seed phrase and passphrase in different locations. You can have like two or three backup of each. You can do the backup on paper or steel or stainless steel sheets.

KiaKia

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Ok, good day fellas, someone brought up an idea for storing his Electrum recovery seed to my notice and I feel it's not entirely still safe and I will like to share here for some feedbacks before I tell him my final answer about the idea.

If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.

Give your answers please, stupid? Cool? Not great? No need?

Topic: A idea from my home boy - page 5. (Read 676 times)